Dye & Durham (TSE:DND) Shares Down 9.9% – Here’s Why

Dye & Durham Limited (TSE:DND)’s share price fell 9.9% on Thursday . The stock traded as low as C$1.40 and last traded at C$1.45. Approximately 301,881 shares changed hands during trading, an increase of 27% from the average session volume of 237,228 shares. The stock had previously closed at C$1.61.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lowered their target price on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Dye & Durham currently has an average rating of “Hold” and a consensus price target of C$10.80.

Dye & Durham Price Performance

The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45. The company has a 50-day moving average of C$2.87 and a 200-day moving average of C$3.70. The firm has a market capitalization of C$100.10 million, a price-to-earnings ratio of -4.26 and a beta of 2.95.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$91.18 million for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. As a group, research analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

About Dye & Durham

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.